icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions (Banking Winding-Up Directive or also known as Credit Institutions Winding-Up Directive)RecitalsTitle I Scope and Definitions (arts. 1-2)Article 1 ScopeArticle 2 DefinitionsTitle II Reorganisation Measures (arts. 3-9)A. Credit institutions having their head offices within the Community (arts. 3-7)Article 3 Adoption of reorganisation measures - applicable lawArticle 4 Information for the competent authorities of the host Member StateArticle 5 Information for the supervisory authorities of the home Member StateArticle 6 PublicationArticle 7 Duty to inform known creditors and right to lodge claimsB. Credit institutions having their head offices outside the Community (art. 8)Article 8 Branches of third-country credit institutionsTitle III Winding-up Proceedings (arts. 9-19)A. Credit institutions having their head offices within the Community (arts. 9-18)Article 9 Opening of winding-up proceedings - Information to be communicated to other competent authoritiesArticle 10 Law applicableArticle 11 Consultation of competent authorities before voluntary winding-upArticle 12 Withdrawal of a credit institution's authorisationArticle 13 PublicationArticle 14 Provision of information to known creditorsArticle 15 Honouring of obligationsArticle 16 Right to lodge claimsArticle 17 LanguagesArticle 18 Regular provision of information to creditorsB. Credit institutions the head offices of which are outside the Community (art. 19)Article 19 Branches of third-country credit institutionsTitle IV Provisions Common to Reorganisation Measures and Winding-Up Proceedings (arts. 20-33)Article 20 Effects on certain contracts and rightsArticle 21 Third parties' rights in reArticle 22 Reservation of titleArticle 23 Set-offArticle 24 Lex rei sitaeArticle 25 Netting agreementsArticle 26 Repurchase agreementsArticle 27 Regulated marketsArticle 28 Proof of liquidators' appointmentArticle 29 Registration in a public registerArticle 30 Detrimental actsArticle 31 Protection of third partiesArticle 32 Lawsuits pendingArticle 33 Professional secrecyTitle V Final Provisions (arts. 34-36)Article 34 ImplementationArticle 35 Entry into forceArticle 36 AddresseesDone at
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 1st January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 5 May 2001 - onwards

Article 11 Consultation of competent authorities before voluntary winding-up

1. The competent authorities of the home Member State shall be consulted in the most appropriate form before any voluntary winding-up decision is taken by the governing bodies of a credit institution.

2. The voluntary winding up of a credit institution shall not preclude the adoption of a reorganisation measure or the opening of winding-up proceedings.

PreviousNext